India’s manufacturing PMI falls to 5-year low in July amid challenging market conditions
India’s manufacturing sector activity slowed to a five-year low in July 2026 amid challenging market conditions, as per the HSBC India Manufacturing Purchasing Managers’ Index (PMI). The PMI is a gauge of overall factory conditions derived from measures of new orders, output, employment, supplier delivery times and stocks of purchases.
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A key high-frequency indicator of factory activity hits a multi-year low.
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- HSBC India Manufacturing PMI: five-year low in July 2026
- PMI derived from new orders, output, employment, delivery times, stocks of purchases
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